Gautam Adani pledges Rs 60,000 Crore for social causes

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Billionaire Gautam Adani has pledged to donate Rs 60,000 crore for various causes

Gautam Adani, Asia’s richest person and his family on Thursday pledged to donate Rs 60,000 crore to various social causes, to mark his 60th birthday. The corpus will be administered by the Adani Foundation.

“Besides being my inspirational father’s 100th birthday, this year also happens to be the year of my 60th birthday and so the family has decided to contribute Rs 60,000 crores to health-related charitable activities, to education and skills development, especially in the rural areas of our country,” Adani said in a statement.

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To utilize the potential of India’s demographic advantage, there is a growing need to focus on the areas of health, education and skills development. Gaps in each of these areas are roadblocks for an Atmanirbhar Bharat, the statement added.

“At a very fundamental level, programs related to these three areas should be viewed holistically and they collectively form the drivers for building an equitable and future-ready India. Our experience in planning and executing large projects and lessons learned from the work done by the Adani Foundation will help us accelerate these programs in unique ways. This contribution from the Adani family aims to build on some of the brightest minds who are passionate about making a difference in the Adani Foundation’s journey to do more towards fulfilling our ‘Growth with Kindness’ philosophy.” , Mr. Adani said.

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The Indian tycoon, a first-generation entrepreneur who turns 60 on Friday, joins the ranks of global billionaires like Mark Zuckerberg and Warren Buffett who have committed much of their wealth to philanthropy. With a net worth of nearly $92 billion, according to the Bloomberg Billionaires Index, Adani has added just over $15 billion to his wealth this year.

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